Fiscal subject related
The original decision, before the amendment, provided that from October 1st, 2022, businesses that do not transmit receipt data from cash registers to the relevant platform will face fines and even "lockouts".
In the case of transactions subject to VAT, a fine is equal to 50% of the VAT indicated on each item not transmitted. This fine cannot be lower, cumulatively per tax audit, than 250 euros if the entity is obliged to observe a simple accounting system or 500 euros if the entity is obliged to observe a double accounting system.
In the case of transactions that are not subject to VAT, a fine of EUR 500 per tax inspection if the taxpayer is liable to maintain a simplified accounting system and EUR 1,000 per tax inspection if the taxpayer is liable to maintain a double-entry accounting system. In the case of each subsequent infringement of the same kind found in the context of a subsequent inspection within five years of the adoption of the original act, a fine equal to twice the amount of the fine provided for shall be imposed.
Other news from Greece
Greece tightens security measures against tax evasion for cash transactions.
The Greek government is taking additional security measures against tax evasion. After the receipts are not issued, the focus is now also on all transactions carried out with cash. However, businesses and freelancers should also take their own measures in order to prepare in time and avoid surprises at the beginning of 2024, when most of the new measures will come into effect. According to what t... Read more
New document was uploaded: Overview of the e-invoicing systems in Europe
This document represents an introduction to the types of e-invoicing models in European countries as well as the key conclusions made during this research. Read more
Obligations and deadlines for registering the use of POS for businesses operating in Greece
By the decision of the Governor of AADE, George Pitsilis, a Register of Payment Instruments (POS) is established and maintained on the myAADE digital portal, and the process of its continuous updating is defined. This marks a decisive step towards the implementation of the extremely important project of interconnecting cash registers and POS. Based on the decision of the Governor of AADE, the Register of Payment Instruments (POS) includes all the POS terminals that can be used to complete card transactions, regardless of whether they are physical devices or software applications. The decision also establishes certain deadlines and obligations for businesses that are using POS in their work. Read more
AADE launches the POS Registry for businesses in Greece
The Independent Authority of Public Revenue (AADE) has announced a new obligation for businesses in Greece that use card payment instruments (POS) to register their POS terminals on the myAADE digital portal. The POS Registry will start operating on September 29, 2023, and businesses will have to comply with the deadlines and procedures set by the AADE directive. The POS Registry is part of the p... Read more
Greece's new expected tax measures: how they will affect professionals, businesses, and social benefit recipients
The officials of the Ministry of National Economy and Finance are constantly enriching the new package of measures in order to prevent tax evasion as swiftly as possible. In this context, the measures are expected to include the digital consignment note as well as the new platform that will receive anonymous and named complaints about tax evasion and non-compliance behavior, while the expenses of... Read more
Expansion of using POS terminals for card payments to various categories of sellers in Greece
The newly set plan against tax evasion in Greece will, among other novelties, include the upcoming expansion of electronic transactions by extending POS to almost all professional activities, since today there are dozens of professions that are not obliged to have POS card terminals, such as tutoring, cinemas, gyms, etc. In this direction, the interconnection of 540,000 cash registers and other ta... Read more
How to use simplified invoices for retail sales in Greece?
Simplified invoices are a type of invoice that can be issued for certain transactions in Greece that do not exceed a predefined amount in their value. They are allowed for retail sales of goods and services, except for reverse charges or intra-community supplies. Read more